Global X ETFs has launched four China-related Ucits products, including for cloud computing and biotech themes.
The ETFs offer strong long-term global growth prospects, said the firm, and seek to profit from China’s recent economic reopening following several years of strict zero-covid measures.
The funds are the Global X China Cloud Computing Ucits ETF (CCLD), Global X China Biotech Ucits ETF (CBIO), Global X China Electric Vehicle and Battery Ucits ETF (CAUT) and Global X China Clean Energy Ucits ETF (CCLN).
The four strategies will be listed on London Stock Exchange and carry an expense ratio of 0.68%.
Global X ETFs said China has prevailed as a global leader in cloud computing after receiving strong government support, while China’s healthcare sector, which is forecasted to be worth $2.4 trillion by 2030, underpinned the biotech ETF.
Rob Oliver, head of business development, Europe, for Global X ETFs, said: “The Chinese government has shifted its investment focus toward technology and sustainability, which creates key opportunities for investors following its recent economic re-opening.”
© 2023 funds europe